Search results for "ESG"

Bhutan has made millions of dollars from hydropower mining and has paid government salaries for two years

Gate.io According to Reuters, two senior Bhutanese officials revealed that the country has earned millions of dollars through cryptocurrency investments and has used part of the proceeds to pay government employees for two years. Bhutan is using 100% hydroelectric power for green cryptocurrency mining. Officials are evaluating options for selling these "green coins" to large corporations that need to meet ESG (environmental, social, and governance) goals in order to promote green finance. Source: Wu said
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CICC: Non-executive director Mr. Deng Xingbin resigns

Jinshi data, November 21 news, CITIC Securities (03908.HK) Hong Kong Stock Exchange announcement, Mr. Deng Xingbin, the company's non-executive director, resigned as the company's non-executive director, the board of directors' strategic and ESG committee member, and the board of directors' risk control committee member on November 21, 2024. The resignation will take effect on the same day.
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Shanghai Stock Exchange: Announcement on the Revision of the Compilation Scheme of SSE 180 Index

Revision of the Shanghai 180 Index Compilation Plan, increasing the Liquidity threshold to the top 90% of the trading volume in the sample space, selecting the top 180 securities based on Market Cap after excluding companies with ESG ratings below C, with individual sample weights not exceeding 10% and the total weight of the top five samples not exceeding 40%. Effective from December 16, 2024.
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Quantitative private sale of billions, will increase the issuance of the CSI A500 index product

Jinshi data, October 31st news, it is learned that the hundred billion quantitative private sale Blackwing Asset has conducted an in-depth evaluation of the medium and long-term investment value of the CSI A500 Index, and will soon issue an enhanced fund for the CSI A500 Index. From the perspective of the preparation plan, the CSI A500 Index adopts the core of "industry balance" and the compilation idea of "selecting leading third-level industries + interconnection + ESG evaluation", selecting 500 securities with larger market capitalization and better liquidity from various industries as index samples, reflecting the overall performance of securities of the most representative listed companies in various industries.
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The performance of the public sale active quant fund has been rising, and the increase in growth allocation weight has contributed to excess returns.

The activity of A-share market has increased, Favourable Information public sale quantitative funds, several funds have performed well this year, including Jin Xin Quantitative Selection Fund, Huashang Computer Industry Quantitative Fund, among others, with some funds delivering a return of over 10%. public sale actively increasing the growth allocation weight of quantitative funds, with performance continuously rising.
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Multiple stock index constituents began to adjust today, with further enhancement of representativeness after the adjustment.

On December 16th, Jin10 Data reported that multiple stock indices in A-shares will adjust their constituent stocks, involving the exchanges of Shanghai, Shenzhen, and Beijing. The indices that are being adjusted this time include the CSI 300, CSI A500, and many other indices that are highly followed by investors and have a combined scale of hundreds of billions of yuan in supporting funds. The indices being adjusted this time include the CSI 300, CSI A50, CSI A500, SSE 50, SSE 180, SZSE Component Index, ChiNext Index, and BSE 50, covering multiple important indices of the exchanges in Shanghai, Shenzhen, and Beijing. Journalists found that in addition to the basic adjustment rules, multiple indices emphasized the adjustment direction of constituent stocks that reflect the development direction of new productive forces and introduce the sustainable investment concept of environment, society, and governance (ESG).
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NYSE Board Chairman: In terms of American companies, ESG is no longer as followed as before

The December 15th news from the New York Commodity Exchange, William, Chairman of the Board of Directors, and CEO of the Dubai Great Lakes Trading Group
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The 2024 Global Asset Management Center Evaluation Index is released, with Hong Kong ranked ninth but leading in virtual asset management products in Asia.

The 2024 Global Asset Management Center Evaluation Index shows that New York is still leading the world, but the total score is lower than in previous years. Asian cities such as Singapore, Shanghai, and Tokyo have all dropped one place. Shanghai is still at the forefront of the world and the trend of diversification is obvious. Hong Kong leads in the areas of family office and virtual asset management products, but the stock and bond markets are sluggish, ranking ninth.
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By the end of 2024, the scale of funds supporting the real economy in bank wealth management will exceed 20 trillion yuan.

By the end of 2024, the scale of funds supporting the real economy in bank wealth management products is about CNY 21 trillion. Among them, the scale of investment in green bonds exceeds CNY 330 billion, the scale of investment in special bonds such as "Belt and Road", regional development, and bail-out for poverty alleviation exceeds CNY 110 billion, and a total of 168 ESG-themed wealth management products have been issued, with a total raised capital of over CNY 160 billion.
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ESG financial products in the field of issuance continue to heat up, with the number and scale of products constantly rising.

On October 26, Jin10 Data reported that, according to Wind statistics, as of October 25, the number of new issuance ESG financial products reached 125 this year, which is the same as the total issuance last year. In terms of investment direction, green bonds and ESG-compliant listed companies are the key layout directions for ESG financial funds. It should not be ignored that in the development of ESG financial products, there are still some issues that need to be solved, such as the incomplete ESG disclosure system, inadequate investor awareness, and untapped market potential.
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The AUM of BTC Spot ETF has now exceeded that of ESG ETF, which is equivalent to the scale of Gold Spot ETF.

BTCSpotETF has attracted a capital inflow of $4.2 billion, accounting for 6% of all ETF inflows, with a net inflow of over $40 billion and AUM reaching $121 billion, yielding 127%. Its scale is now comparable to that of the gold SpotETF, demonstrating the dominant position of BTCETF in the market, while the ETHBlockETF has only attracted $130 million in inflows year to date. The future AltCoinETF market share is difficult to compare with BTC.
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Bloomberg analyst: Spot BTCETF has attracted $4.2 billion in funds this year, surpassing the scale of ESG ETF

BTC Spot ETF has performed strongly, with a total inflow of $4.2 billion and net inflow of over $40 billion this year. AUM has reached $121 billion with a return rate of 127%. The asset scale has surpassed ESG ETF and is comparable to Gold Spot ETF.
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Chairman of the Hong Kong Regtech Association: Investors may favor products related to ESG and digital assets

ESG and digital asset-related products may be more favored by investors, and ETFs with multiple asset categories are also the target, but the advantages of cryptocurrency assets are underestimated, and more investor education is needed. Regulators also need to strengthen regulations to ensure investor safety.
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Former UK Minister: London Stock Exchange is discussing with Shanghai Stock Exchange to strengthen ESG information disclosure and develop relevant indexes for ESG companies.

October 18th, Jinshi Data News, the "2024 ESG Global Leaders Summit" was held in Shanghai from October 16th to 18th. Lord Ed Weir, a member of the House of Lords and former Minister of Culture, Media and Digital Innovation of the UK,
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Shenwan Hongyuan: Director Ren Xiaotao resigns due to work arrangements

Jinshi data, September 27 news, Shenwan Hongyuan announced that the board of directors received a written resignation from Director Ren Xiaotao on September 27, 2024. Due to work arrangements, Ren Xiaotao applied to resign from the fifth board of directors, the chairman of the board's risk control committee, and the member of the board's strategy and ESG committee.
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Cui Chenlong from Qianhai Kaiyuan: The long-term performance of ESG index is superior to the benchmark index

On June 28th, Jinshi Data reported that Cui Chenlong, former Director of Investment at Qianhai Kaiyuan and Chief ESG Officer, stated at the 2024 GLH Enterprise ESG Trend Forum that ESG investments are highly likely to generate better returns than the benchmark in the medium to long term, and the excess returns are continuously expanding. Looking at different regional indices, the long-term performance of ESG indices is mostly superior to their corresponding benchmark indices.
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US Government Efficiency Department: USAID spends over $40 billion on foreign aid

Odaily Planet Daily News The official account of the Department of Government Efficiency (@DOGE) of the United States government posted on platform X, stating: According to official disclosure, the United States Agency for International Development (USAID) has spent over $40 billion of taxpayer funds on foreign aid: - $45 million for DEI scholarships in Myanmar - $520 million for advisor-led ESG investments in Africa - 12
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KPMG's global revenue for fiscal year 2024 rose by 5.1% to $38.4 billion.

On December 18th, Jin10 Data reported that KPMG International announced today that for the fiscal year ending September 30, 2024, KPMG's global member firms achieved an annual revenue of $38.4 billion, up 5.1% in local currency and 5.4% in US dollars compared to the 2023 fiscal year. According to the statement, tax and legal services, audit services, and consulting services achieved a rise of 10%, 6%, and 2%, respectively. In the 2024 fiscal year, the entire KPMG network will invest more than $1.7 billion in technology and artificial intelligence, talent, and ESG.
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Yan Bingjin, the head of the China Securities Regulatory Commission: Will persistently do well in the disclosure of sustainable development information

On October 16, 2024, the ESG Global Leaders Conference was held in Shanghai, according to the Jinshi data. Yan Bojin, Chief Risk Officer of the China Securities Regulatory Commission and Director of the Regulatory Office of Issuance, stated that the Capital Market has always attached great importance to guiding listed companies to enhance their performance in terms of environment, social responsibility, corporate governance, etc., in order to help the sustainable development of enterprises, as well as the economy, society, and environment. The CSRC will take the disclosure of sustainable development information by listed companies as a fundamental link to promote sustainable development and continuously improve related rules.
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Hong Kong will accelerate the development of Asia's leading financial center for transformation.

The Financial Secretary of the Hong Kong Special Administrative Region Government stated that the global low-carbon transition funding gap presents an opportunity for Hong Kong's financial transformation, accelerating its development into a leading financial center for transformation in Asia. In recent years, Hong Kong has become one of the most vibrant green finance markets in Asia, making progress in environmental protection, social, and corporate governance through innovative financial products and international dialogue standards interoperability.
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The UK's first pension fund directly invests 3% of its assets in Bitcoin

Golden Finance reported that the UK's first pension fund has directly invested 3% of its assets in BTC with the assistance of consulting firm Cartwright, rather than indirectly through ETFs. This decision was reached after in-depth discussions with the fund trustees, with a focus on ESG factors and security. The private key is jointly managed by five independent institutions. Cartwright also plans to launch a BTC employee welfare program, allowing companies to directly pay BTC to employees' wallets, and several companies have expressed interest.
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The SEC accuses WisdomTree of failing to follow its own ESG market fund investment standards

According to the report by Jinse Finance, the US Securities and Exchange Commission (SEC) charged advisory firm WisdomTree for failing to follow its own ESG market fund investment standards.
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The first batch of 10 CSI A500 ETFs will be listed today.

Jinshi Data news on October 15th, the first batch of 10 China 500ETFs is scheduled to be officially listed on the Shanghai and Shenzhen exchanges on October 15th (Tuesday), with a total fundraising scale of 20 billion yuan. The China 500 Index focuses on the 500 largest stocks in Market Cap in various industries in the entire market, and incorporates ESG and interconnection screening standards, with both core leadership and industry balance. Insiders believe that the China 500 Index is expected to achieve dual-wheel drive of "core assets" and "new quality productivity", and the China 500ETF will further help long-term funds enter the market.
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The dual engines of digitalization and ESG lead the new wave of enterprises going global. The 7th Strategic Supply Chain 50 Forum was held in Shanghai.

This article introduces the theme and discussion of the 7th Strategic Supply Chain 50 Forum. The attending guests believe that in the context of global economic integration and sustainable development, the digital transformation of the supply chain and the integration of ESG concepts have become the dual driving forces behind the enterprise's international expansion strategy. Constructing an intelligent, green, and responsible supply chain ecosystem is the core strategy for enhancing international competitiveness and achieving long-term value creation.
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The CSRC official in charge of the Listing Department stated at the parallel forum "ESG Assists the Construction of Beautiful China" during the Zhongguancun Forum that the CSRC will continue to assess the adaptability of the "Guidelines for the Sustainable Development Reporting of Listed Companies", further improve the rules in combination with the actual situation, and study the promotion of more companies to disclose sustainable development reports. At the same time, listed companies should not use the "cloak" of ESG to excessively package and provide inaccurate information to mislead investors. The CSRC will continuously enhance its regulatory capabilities and strengthen supervision.
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